Answer:
Capital gain tax = $1,540.
Explanation:
As per the data given in the question,
For stocks of A
Profit = (selling price - purchasing price) × units
= ($19 - $23) × 200
= -$800
For stocks of B
Profit = ($57-$41) × 600
= $9,600
Total profit = profit for stock A + profit for stock B
= -$800 + $9,600
= $8,800
Therefore, capital gain for both year = $8,800
Tax rate = 35%
Capital gain tax = Capital gain × Tax rate
= $8,800 × 35%
=$3,080
As share holds for more than a year,
So, Capital gain tax = $3,080 ÷ 2 = $1,540.
Answer:
farther to the right than temporary tax cuts
Explanation:
The permanent tax cuts have more impact on consumption spending than temporary one. A permanent tax cut raises the expected lifetime wealth and increases autonomous consumption, thus leading to an upward shift of the consumption function. Consequently the permanent tax cuts shift the AD curve farther to the right compared to the temporary tax cuts.
Answer:
The number of Gallon materials Howell company should buy is 166000 Gallons
Explanation:
Finished goods
opening inventory 11000
produced
closing inventory 13000
finished goods sold 42000
using the bottom up approach to get goods produced
sold goods + closing goods - opening goods = produced =44000 goods
Direct material ( Gallons)
opening materials 66000
purchased 166000
available for use 232000
used in production 176000
closing gallons 56000
We use the bottom up approach to get the materials to be purchased
closing stock plus used in production to get available for use then subtract opening material to get purchased = 166000
Answer: You need to subtract the following then add what you have left.
Explanation: For example if you had $300 and you spent 200 you have $100 left
